Edward Street, North Ormesby, Middlesbrough, TS3 6JJ

Property Overview

This two-bedroom mid-terrace house on Edward Street, North Ormesby, Middlesbrough, TS3 6JJ, is offered freehold with a tenant in situ. Features include gas central heating with a combi boiler, a modern kitchen, stylish bathroom, two double bedrooms and an open plan lounge/diner.

Accommodation

• Open plan lounge/diner
• Modern kitchen
• Stylish bathroom
• Two double bedrooms

Location

The property is located on Edward Street, North Ormesby, Middlesbrough, TS3 6JJ.

Tenure & Key Information

• Tenure: Freehold
• Occupancy: Tenanted; tenant in situ
• EPC: D
• Council Tax: Band A
• Heating: Gas central heating with a combi boiler
• Services: Seller advises mains gas, electricity, water and sewerage
• Surface water flooding: Very low risk, as advised
• Lease and parking information: Not supplied

Auction & Buyer Charges

• Guide Price: £45,000+
• Auction Date: 30 September 2026
• Administration Charge: £2,000 + VAT, totalling £2,400, payable by the successful buyer
• Buyer Premium: Not supplied
• If the buyer chooses to use a referred North East-based solicitor from the auctioneer’s panel, the auctioneer receives a referral fee of between £200 plus VAT (£240) and £400 plus VAT (£480)

Investment Analysis

HB estimate: The four more consistent completed sales on Edward Street range from £38,000 to £54,500, averaging approximately £46,250. The £120,000 sale appears materially inconsistent with the other evidence and has been excluded from the core estimate.

• HB estimated market value/GDV indication: approximately £46,250
• HB estimated gross yield: approximately 13.6% at £525 pcm, before costs, voids, management and finance
• HB maximum bid: £43,500 hammer
• HB estimate including the known administration fee: £45,900

These figures are HB estimates, not formal valuations. The £525 pcm figure is an advertised rental indicator and is not achieved or passing rent.

Sold Comparables

Sold comparable data supplied:

Rental Evidence

Advertised rental evidence: £525 pcm for a two-bedroom semi-detached house in TS8, sourced from Zoopla. This is a single advertised listing, is not achieved or passing rent for this property, and has limited comparability.

Auctioneer estimated rent: Not supplied.

Strategy & Risks

HB estimate: Bid cautiously and only up to the HB maximum hammer bid of £43,500. Review the tenancy agreement, rent schedule, arrears, deposit and property condition before bidding.

• Passing rent, tenancy terms and arrears status are not supplied.
• Rental evidence is a single advertised listing for TS8 and a semi-detached property, limiting comparability.
• Property condition and refurbishment requirements are not evidenced.
• The £120,000 completed sale is materially anomalous relative to the other Edward Street sales.
• The £2,400 administration fee reduces the effective acquisition margin; other purchase costs are not supplied.